In India the real estate sector has seen a great boost over the years. Investors in the real estate have greatly increased in numbers making the sector one of the highest invested sector of businesses in India. According to reports, 2 crores of investors have ventured into Real estate in India. Therefore Real estate in India remains a sector of interest for almost all the businessmen for it has witnessed a great boom in the recent past.
Real estate has witnessed a slow down due to increased interest rates. RBI has tremendously increased the interest rates in order to control inflation and indirectly the real estate sector has taken a blow. Even the consumption of larger products such as cars and bikes have taken a hit due to increased interest rates. Any idea how long would this last?
